SpaceX (NASDAQ:SPCX) Stock Rating Upgraded by Evercore

SpaceX (NASDAQ:SPCX) was upgraded by Evercore to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. New Street Research upgraded SpaceX to a “strong-buy” rating in a research report on Thursday, June 11th. Raymond James Financial assumed coverage on SpaceX in a report on Tuesday, July 7th. They issued a “strong-buy” rating and a $800.00 price objective on the stock. Barclays upgraded SpaceX from an “underweight” rating to an “overweight” rating in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft started coverage on SpaceX in a research report on Tuesday, July 7th. They issued a “buy” rating and a $255.00 target price for the company. Finally, Royal Bank Of Canada assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They set an “outperform” rating and a $225.00 price target on the stock. Five investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average price target of $238.77.

SpaceX Price Performance

SpaceX stock opened at $136.08 on Tuesday. SpaceX has a 1 year low of $135.52 and a 1 year high of $225.64.

SpaceX (NASDAQ:SPCX) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.27) earnings per share for the quarter. The company had revenue of $4.69 billion for the quarter.

Institutional Trading of SpaceX

Hedge funds have recently modified their holdings of the stock. Hyperion Asset Management Ltd purchased a new position in SpaceX in the second quarter valued at $201,137,000. Tema ETFs LLC purchased a new stake in SpaceX during the 2nd quarter worth about $32,037,000. Teamwork Financial Advisors LLC purchased a new stake in SpaceX during the 2nd quarter worth about $8,027,000. Heck Capital Advisors LLC acquired a new stake in SpaceX in the 2nd quarter valued at about $3,768,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of SpaceX in the 2nd quarter valued at about $3,383,000.

Key Stories Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Evercore ISI initiated coverage on SpaceX with an Outperform rating and a $230 price target, while other firms such as Raymond James and Stifel also remained upbeat ahead of the upcoming Starship Flight 13 test. Article Title
• Positive Sentiment: Frontier Airlines said it will roll out SpaceX’s Starlink in-flight Wi?Fi beginning in 2027, signaling continued commercial traction for SpaceX’s satellite internet business. Article Title
• Positive Sentiment: Some investors and fund managers are still calling SpaceX a long-term winner, with bullish commentary focused on Starlink growth, Starship progress, and AI-related infrastructure opportunities. Article Title
• Neutral Sentiment: SpaceX is preparing for Starship Flight 13 after FAA clearance, and the launch is being framed as an important operational milestone, but it remains a binary event that could move sentiment either way. Article Title
• Neutral Sentiment: SpaceX’s recent Nasdaq-100 inclusion and the flood of articles about its IPO, ETF ownership, and valuation highlight strong investor attention, but also suggest the stock may be entering a more volatile, sentiment-driven phase. Article Title
• Negative Sentiment: Bearish pieces continue to focus on SpaceX’s steep valuation, the risk of a larger share float as lockups expire, and concerns that the stock may still have further downside after its rapid post-IPO run-up. Article Title
• Negative Sentiment: Competition headlines also weighed on sentiment, including reports that China’s rocket progress and other rivals are challenging SpaceX’s long-term lead in launch services and satellite connectivity. Article Title
• Negative Sentiment: Several articles also note that the stock has fallen sharply from its highs, with some analysts warning the recent decline reflects profit-taking and fading scarcity premium after the IPO. Article Title

SpaceX Company Profile

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.